What is the median rent in Oak Point, TX?
The median gross rent in Oak Point, TX is $2,227 (±$113) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 199 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Oak Point, the median gross rent went from $1,766 in 2015–2019 to $2,227 in 2020–2024 (+26.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $2,227 (±$113)
- Rented homes
- 199 (±208)
- $2,000 or more
- 85.4%
- Since 2015–2019
- +26.1%
How much rent costs in Oak Point
| Monthly gross rent | Oak Point | Denton County | Texas | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±22.0 points) | 0.6% | 3.9% | 6.3% |
| $500 to $999 | 5.5% (±14.6 points) | 5.8% | 17.4% | 20.2% |
| $1,000 to $1,499 | 9.0% (±20.2 points) | 28.8% | 35.4% | 28.1% |
| $1,500 to $1,999 | 0.0% (±22.0 points) | 32.5% | 25.2% | 21.1% |
| $2,000 to $2,499 | 77.9% (±45.8 points) | 17.9% | 11.1% | 12.0% |
| $2,500 to $2,999 | 7.5% (±22.2 points) | 8.4% | 4.0% | 5.5% |
| $3,000 or more | 0.0% (±22.0 points) | 6.1% | 2.9% | 6.8% |
The most common range is $2,000 to $2,499, paid by 77.9% of renting households.
85.4% of rented homes in Oak Point cost $2,000 or more a month.
Oak Point against Denton County, its state and the nation
| Oak Point | Denton County | Texas | United States | |
|---|---|---|---|---|
| Median gross rent | $2,227 (±$113) | $1,728 (±$18) | $1,403 (±$4) | $1,413 |
| Rented homes paying rent | 199 (±208) | 122,000 (±2,029) | 3,935,670 (±20,381) | 42,849,984 |
In Oak Point, median gross rent is higher than in Denton County ($1,728).
It is also higher than in Texas ($1,403).
It is higher than the national figure ($1,413).
In Denton County, Oak Point ranks 8 of 32 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 53 of 1,183.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Oak Point has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,766 (±$162) | $2,227 (±$113) | +26.1% | No measurable change after inflation |
| Households that rent | 7.6% (±3.8 points) | 10.5% (±9.6 points) | +2.9 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±29.4 points) | 18.6% (±28.6 points) | +18.6 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Oak Point
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Oak Point | — | $2,227 (±$113) | — |
| Shady Shores | 2.8 mi | $1,399 (±$594) | Lower |
| Cross Roads | 3.5 mi | $1,750 (±$813) | Not measurably different |
| Lake Dallas | 3.6 mi | $1,519 (±$271) | Lower |
| Paloma Creek South | 4.2 mi | $2,664 (±$229) | Higher |
| Little Elm | 4.2 mi | $1,953 (±$110) | Lower |
| Hackberry | 4.3 mi | $2,208 (±$411) | Not measurably different |
| Paloma Creek | 4.8 mi | $2,576 (±$273) | Higher |
| Hickory Creek | 4.9 mi | $2,192 (±$219) | Not measurably different |
Nearby places with a measurably lower figure: Shady Shores, TX ($1,399), Lake Dallas, TX ($1,519), Little Elm, TX ($1,953).
Nearby places with a measurably higher figure: Paloma Creek South, TX ($2,664), Paloma Creek, TX ($2,576).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Denton County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 2 | Argyle | $2,713 (±$1,201) |
| 3 | Paloma Creek South | $2,664 (±$229) |
| 4 | Paloma Creek | $2,576 (±$273) |
| 5 | Highland Village | $2,429 (±$652) |
| 6 | Providence Village | $2,413 (±$111) |
| 7 | Flower Mound | $2,231 (±$83) |
| 8 | Oak Point | $2,227 (±$113) |
| 9 | Hackberry | $2,208 (±$411) |
| 10 | Hickory Creek | $2,192 (±$219) |
| 11 | Ponder | $2,158 (±$88) |
| 12 (tie) | Justin | $2,000 (±$1,199) |
| 12 (tie) | Savannah | $2,000 (±$312) |
| 14 | Trophy Club | $1,992 (±$338) |
Showing 13 of 32 places in Denton County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Oak Point
What is the average rent in Oak Point, TX?
The Census Bureau publishes the median rather than the average: the median gross rent in Oak Point is $2,227 (±$113) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Oak Point?
In Oak Point, the median gross rent went from $1,766 in 2015–2019 to $2,227 in 2020–2024 (+26.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Oak Point cost more than $2,000 a month?
85.4% of rented homes in Oak Point have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Oak Point higher than in Denton County?
In Oak Point, median gross rent is higher than in Denton County ($1,728).
It is also higher than in Texas ($1,403).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Oak Point city, Texas
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Oak Point city, Texas
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Oak Point city, Texas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Oak Point city, Texas (place:53130, in state:48).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Oak Point at a glance
- Income and affordability in Oak Point
- Home values in Oak Point
- Homeowner costs in Oak Point
- Property taxes in Oak Point
- Types of homes in Oak Point
- Heating fuel in Oak Point
- Commute and cars in Oak Point
- Population growth in Oak Point
- How long people stay in Oak Point
- Texas landlord and tenant rules
- Housing across Denton County
- Texas places ranked by median rent
- Housing data for every place in Texas